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Friday, 18 April 2014

My Varthagam : Full Of Business Opportunities Here in Nigeria

My Varthagam : Full Of Business Opportunities Here in Nigeria

Businessmen around the world are always looking for new global markets for investments. Relatively quietly, Nigeria has become an attractive market for American businesses. In fact, it's the largest and most important market in Africa and one of the more exciting emerging markets in which to invest

With a population of approximately 180 million (twice as large as Ethiopia, the next largest African country) and a gross domestic product (GDP) of $509 billion (30 percent larger than South Africa's GDP, the next largest), Nigeria is one country not to be overlooked.
A new generation of entrepreneurs and leaders in Africa and, more specifically, in Nigeria, are making Africa a place for exceptional growth. With bright minds flocking to the country, the business-friendly government is ready to take the next step as direct foreign investments grow and the Nigerian economy becomes increasingly more robust. These measures are evidenced by how Nigeria has been recognized among the "Next Eleven" economies, a designation for each of the economies that have the greatest potential for becoming one of the largest economies in the 21st century, in addition to other emerging economies, such as Brazil, Russia, India and China.
With its GDP growth forecasted to be among the highest in the world over the next five years and a debt/GDP ratio under 11 percent, which is lower than that of most developed countries, Nigeria has in fact become a land of opportunity for business. Beyond multinational corporations, entrepreneurs and medium-sized business enterprises are also investing in Nigeria. By taking advantage of available opportunities; building up a thorough understanding of the business and socio-cultural environment; and increasing their familiarity with local business rules, investors have a bright future in Nigeria.
Over the past few years, the Nigerian government has emphasized economic reform, and through privatization, global businesses have created opportunities in Nigeria as a result of the government allowing private ownership of previously government-owned operations.
By making Nigeria more business-friendly, President Goodluck Jonathan has helped make the country a preferred destination for investors to do business. As a result, opportunities are abundant. Nigeria's future continues to be bright for Nigerians as the creation of wealth escalates to new heights, and the local economy continues to prosper as foreign investment in the country grows.
Investment opportunities in Nigeria have certainly not gone unnoticed. In an interview last year, General Electric CEO Jeff Immelt spoke about Nigeria being “good risk” and GE having the ability to make $10 billion from investments in Nigeria if the country got things right. In addition, foreign brands such as Ermenegildo Zegna, Porsche, Domino’s Pizza, KFC, Intercontinental Hotels and others have all entered the market within the last three years. This is just the beginning, the calm before the tsunami of investors and businesses that will likely flock to Nigeria to participate in one of the most exciting growth stories in the world today.
Danladi Verheijen, managing director of Verod Capital, is based in Nigeria
International Business Times

Wednesday, 16 April 2014

My Varthagam : Indonesia, Malaysia Lead Way in ASEAN Trade Opportunity: HKTDC Research

MY Varthagam : Indonesia, Malaysia Lead Way in ASEAN Trade Opportunity: HKTDC Research

Consumer markets in Indonesia and Malaysia are emerging as frontrunners among Association of Southeast Asian Nations (ASEAN) countries, according to new research from the Hong Kong Trade Development Council. HKTDC Principal Economist (Asian and Emerging Markets) Dickson Ho provides details about which types of products and segments of the population in those countries are most promising for small and medium-sized enterprises.

Source: HKTDC

Monday, 14 April 2014

My Varthagam : ICT's Contribution to the Malaysian Economy

My Varthagam : ICT's Contribution to the Malaysian Economy

Right now, we can say the ICT related economy contributes about 10% - 12% of our GDP, but we are not really happy with that. We are pushing so that the ICT related economy should be able to contribute about 17% to the Malaysian economy by 2020.

More at the prospect group

My Varthagam

MY VARTHAGAM : New Guidelines for The Market Development Grant by MATRADE

MY VARTHAGAM : New Guidelines for The Market Development Grant by MATRADE

KUALA LUMPUR, THURSDAY, 3 APRIL 2014: MATRADE today announced a revision of the guidelines for the Market Development Grant (MDG) which will take effect from 1 May 2014. The new guideline will allow more Small and Medium Enterprises (SMEs) to benefit from it and will focus on core expenses on activities by SMEs that have a direct impact on exports. The revision is also consistent with the Government’s austerity measures and the importance of prudent spending.
The MDG is a programme that assists SMEs to access to business opportunities in overseas markets. It is especially beneficial to new exporters in getting a foothold in the global marketplace through participation in international trade fairs, specialised marketing missions and other related activities.
Last year, the MDG received an overwhelming response from SMEs with an increase of 73% in total disbursements. This was the result of an increase in the number of companies participating in trade promotional activities from 3,493 in 2012 to 16,608.
A total of RM 46.7 million was disbursed through the MDG in 2013 to 2,182 SMEs of which RM 7.6 million was provided to Bumiputra companies and RM 16.7 million to women-owned enterprises. Through the participation of these SMEs in trade promotion activities in 2013, a total of RM 1.5 billion sales were generated and 5.9 million business leads received.
Effective January 2014, Small and Medium Enterprises (SMEs) have been reclassified as companies whose annual turnover is less than RM50 million with workers not exceeding 200 for the manufacturing sector, from the current definition of less than RM25 million in revenue and less than 150 workers. For the services sector, the value threshold has also been raised, with SMEs defined as firms with annual sales not exceeding RM20 million (less than RM5 million at present) or not more than 75 workers (less than 50 currently). The new definition is effective Jan 1, 2014.
The new definition for SMEs is expected to see an increase in the number of such firms from 97.3% to 98.5% of total business entities, adding more than 8,000 SMEs to the current pool. As a sought after grant, MATRADE foresees an increase in the number of new applicants for the MDG and the revision in guidelines will enable more SMEs to utilise the fund.
The Government takes cognisance that SMEs are a very important part of the business community and strives to provide assistance to ensure their viability. In 2013 alone,RM12 billion worth of assistance has been granted to 885,019 SMEs of which 100,118 SMEs have benefited in terms of market access.
Companies are able to view the new guidelines to the Market Development Grant on MATRADE’s website at from 1 April 2014.


Saturday, 12 April 2014


MY VARTHAGAM : SME BiZTalk 30th April 2014 Kuala Lumpur

CEDAR and SME Bank pleased to cordially invite members of Klang Indian Chamber of Commerce, Selangor (DPIK) to attend our SME Biz Talk which will be held at Menara SME Bank, Kuala Lumpur on 30 April 2014,Wednesday.

Programme Itinerary:

9.00 - 9.30am      : Registration and Morning Coffee

9.30 - 10.00am    : The Essence of Our Services by YBhg Datuk Mohd Radzif Mohd Yunus,
                              Group Managing Director of the SME Bank

10.00 - 11.00am : Highlights on Key Business Industries – Opportunities and Challenges 
                              by Dr. Sheikh Ghazali Abod, Chief Operating Officer of CEDAR

11.00 - 11.30am:  Beyond Financing – Entrepreneur Development Programmes 
                              by Mr. Husain Dawoed, VP of CEDAR

11.30 - 12.00pm : Entrepreneur Financing Opportunities with SME Bank 
                              by Head of Regional Centre, SME Bank

12.00pm            :  Clinic Session with SME Bank and CEDAR



Shall you need more info, please do not hesitate to contact Mr Faris at +603 2615 2967. /

Wednesday, 9 April 2014



Please be informed that CISCO System in collaboration with MALAYSIA SME™ will be organizing Seminars on ICT The New Era of SME Innovations.

The details of the seminar are as follows:

April 10, 2014 (Thursday)
9.00am – 2.00pm
The Garden Hotel & Residences

Mid Valley City, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Free Admission (Lunch and Refreshment Provided)

For further information or registration, please visit our website or contact the followings: 
Tel       : + (6)03 7960 2133
Fax      : + (6)03 7960 4133

Tuesday, 8 April 2014

MY VARTHAGAM : Malaysia's First Quarter Trade Performance To Improve

Malaysia's First Quarter Trade Performance To Improve

Malaysia's trade performance in the first quarter of this year is expected to improve judging from February's positive total trade, says Deputy International Trade and Industry Minister Datuk Hamim Samuri.

Total trade in February rose 19 per cent to RM200 million against the corresponding quarter last year.

"China remains Malaysia's biggest trading partner followed by the United States and Asean member countries namely Singapore and Indonesia," he told reporters after opening an industrial gathering in the Ledang Parliamentary constituency and the QE/5S System Development Programme here Sunday.

Hamim, who is the Member of Parliament for Ledang, said electrical and electronic products, agricultural goods and palm oil were still Malaysia's largest exports.

He was confident Malaysia's international trade would continue to flourish in the coming months.

Earlier, Hamim said the Malaysia Productivity Corporation (MPC), an agency under his ministry, was responsible for implementing the QE/5S quality management initiative in selected ministries.

"The initiative has helped save RM250 million last year and some RM7 million of that savings was contributed by activities under the QE/5S System Development, a system aimed at increasing an organisation's performance," he added.

Hamim said last year, 2,739 organisations received the QE/5S Quality Environment Practice Certification from MPC with 70 per cent involving the public sector and the other 30 per cent, the private sector.